741 Federal Ave E
Seattle WA 98102
741 Federal Avenue East
741 Federal Ave E Seattle WA 98102
Listing #: 711011 | Status: Available | Last Modified: 4/6/2026 |
For Sale
- Phone:(425) 681-7695
- Email:winslow.lee@kidder.com
- Office Name:Kidder Mathews
- Office Phone:(208) 362-8600
- Office Website:
- Agent Phone:(425) 691-6826
- Agent Email:jack.shephard@kidder.com
- Call Listing AgentNo
- Use DiscretionNo
- Listing Price$ 3,250,000.0
- $/SF$ 576.1
- $/Unit$ 3,250,000.0
- Listing StatusAvailable
- Days on Market30
- Asset ClassMulti-Family
- Terms
- Investment Type
- Investment PropYes
- Gross Income230,577
- Vacancy Factor %3.00%
- Operating Expenses84,414
- Net Operating Income139,245
- CAP Rate 4.50 %
- Min Total SF0
- Max Total SF0
- Lease Rate Low$ 00.0
- Lease Rate High$ 00.0
- Heat Source
- Total Units
- Water
- Electricity
- Storm Sewer
- SignageSignage on Building and Freestanding
- Anchor
- CAP Rate 4.50 %
- Building StatusExisting
- # of Buildings1
- # of Floors2
- # of Units11
- # of Elevators
- Clearance Height Min
- Clearance Height Max
- Bay Depth
- Total Building SF5641
- Net Rentable Area0
- Total Office SF
- Largest Contiguous SF
- Lot SF6098
- Acres0.14
- Property TypeMulti-Family
- Office Type
- Building Class
- CountyKing
- Vicinity
- Location Description
- Second Address
- Cross Street
- Market AreaCapitol Hill/First Hill
- Tax ID #2663000530
- Additional Parcels
- ZoningLR3(M)
- # Covered Spaces0
- # Uncovered Spaces7
- Total Parking Spots7
- Parking Ratio
- Year Built1927
- Year Renovated
- Completion Date
- Roof Type
- Construction Type
David Apartments
David Apartments is a rare Capitol Hill investment opportunity ideally located on Federal Avenue East, just moments from Volunteer Park, the Broadway retail corridor, and Capitol Hill Light Rail. Built in 1927, the property showcases timeless brick architecture, original character, and high ceilings that set it apart from commodity inventory. With a Walk Score of 94, the location supports strong and consistent tenant demand. In-place rents are well below nearby renovated comps, presenting a clear value-add opportunity through strategic interior upgrades. Located in one of Seattle’s most desirable, high-barrier-to-entry neighborhoods, David Apartments offers investors the chance to capture meaningful upside in both income and long-term appreciation.
